MARA spent $4.3 million on CEO Fred Thiel’s security in 2025, including vehicle armoring, as crypto wrench attacks increased globally.
Bitcoin miner MARA Holdings spent $4.3 million on personal security for CEO Fred Thiel in 2025, including $430,780 to armor a vehicle, as crypto companies respond to rising physical attacks on industry executives and investors.
MARA, the seventh-largest Bitcoin mining company worth more than $5 billion, also spent about $58,810 on Thiel’s home security installations and reported additional expenses related to the security measures of other executives, according to its DEF 14A filing with the US Securities and Exchange Commission on April 30.
The filing shows that MARA spent a total of $4.3 million on Thiel’s security during fiscal year 2025, including the armored vehicle, bodyguards and home security fortifications.
